Is Woodside Energy Group Ltd (WDS) a Mispriced Opportunity?

Is Woodside Energy Group Ltd (WDS) a Mispriced Opportunity? Soumya Eswaran Thu, June 25, 2026 at 10:34 PM GMT+7 3 min read WDS.AX WDS Antipodes Partners published its "Antipodes Global Strategy" first-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The first quarter of 2026 was highly volatile. Early optimism shifted to a historic energy shock caused by US-Israeli strikes on Iran. Global equities dropped 3.2% in USD, with US equities falling 4.6%, and value stocks outperformed growth stocks as the rotation away from mega-cap tech accelerated due to AI fears. The strategy outperformed the benchmark over the quarter and the 12 months to March 31, 2026. Exposure in North America, Korea, Western Europe, and Latin America regions boosted performance, while Canada and the UK lagged. Energy, consumer discretionary, industrials, and healthcare sectors led the performance, while financials, real estate, and materials lagged. To manage risk, the firm increased its holdings in defensive sectors during the quarter. For insights into their key selections for 2026, please review the Strategy's top five holdings.

In its first-quarter 2026 investor letter, Antipodes Global Strategy mentioned stocks like Woodside Energy Group Ltd (NYSE:WDS). Woodside Energy Group Ltd (NYSE:WDS) is an Australian energy company that engages in the exploration, development, production, and sale of hydrocarbons. On June 24, 2026, Woodside Energy Group Ltd (NYSE:WDS) closed at $19.06 per share. One-month return of Woodside Energy Group Ltd (NYSE:WDS) was -12.49%, and its shares gained 21.79% over the past 52 weeks. Woodside Energy Group Ltd (NYSE:WDS) has a market capitalization of $36.23 billion.

Antipodes Global Strategy stated the following regarding Woodside Energy Group Ltd (NYSE:WDS) in its Q1 2026 investor letter: